Personal Savings American Express Online Banking

Customers will need their AMEX personal savings user name and passwords

The service is administered by the American Express Company – Contact Personal Savings at 1-800-446-6307

Please note all Accounts offered by American Express Bank are Member FDIC and rates are subject to change at any time without notice before or after a High-Yield Savings account is opened.

American Express Personal Savings Highlights/Lowlights

A high-yield savings account that still allows the account holder to access funds without incurring a penalty (unlike many brick and mortar banks)

Perfect for someone who can’t commit to a long-term investment plan

Employer’s information is required when signing up 🙁

Initial deposits can be made by linking a checking account or by mailing a payment to American Express

Two small test deposits will be sent and must be confirmed if opting to send the payment via electronic deposit

Welcome kits will be mailed to the account holder within the week of setting up the account

Monthly statements are sent to saving account holders while quarterlystatements sent to CD holders

AMEX will send notification to the customer when the CD is close to maturing 🙂

Unless the customer instructs American Express otherwise the CD will be automatically renewed with the same terms 🙂

AMEX offers a 10-day grace period from the date of maturity in which funds can be withdrawn without incurring a penalty

Both saving and CD accounts are fee free 🙂

The AMEX saving account can be opened with as little as $1

Early withdrawal penalties do apply and are based on the terms of the CD 🙁

Customers are encouraged to set up recurring deposits on a monthly basis from a checking account

Both account options (Savings or CD) are insured for at least $250,000

No live chat support at this time 🙁

Customer are allowed to have six transfers and withdrawals for each billing cycle

American Express is a New York based multinational billion dollar financial firm. The firm is one of the most Admired Companies in the World processing a quarter of all credit card transactions world-wide.